Vehicle payoff or repo

I lost my job in January and then found out I was pregnant a week later. I got really sick (even hospitalized) until 20 weeks...babysat to make my car payments...had my daughter in September and started babysitting again to make car payments so I wouldn't have to ask my boyfriend to since he was paying rent, electric, Internet, car insurance, and cell phone. Well he let his truck payments get behind and got a notice that he needs to pay the remaining amount $12,500 or it will be repoed. No payments. Full amaout!!! He never told me about the notices until now! There is no way for us to come up with this money and his truck is valued at $9,500 What can we do? Any suggestions?

Do you have a working complete budget? If not I would get one figured out because after they take the truck you are going to need something for him to drive that you can pay for in cash. Do not get a another car/truck with a payment as you will be paying so much in interest. Then start saving as much as you can for when they come after you for the difference between the loan and the small amount they will sell the truck for. Unfortunately it going to be an expensive lesson.

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